Looking to diversify beyond NVDY? The ETFs below have the lowest correlation with NVDY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NVDY.
Best Diversifiers for NVDY
646 ETFs have low correlation with NVDY (below 0.3), 114 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 51 | Derivative Income | NVDY vs WNTR | |
| iShares Core High Dividend ETF | -0.25 | -0.08 | — | 74 | Dividend, Large Cap Value Equities | NVDY vs HDV | |
| Brookstone Ultra-Short Bond ETF | -0.24 | — | — | 99 | Ultrashort Bond | NVDY vs BAMU | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.23 | -0.03 | — | 72 | Large Cap Value Equities, Dividend | NVDY vs FDL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.22 | — | — | 96 | Inflation-Protected Bonds | NVDY vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVDY and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.38, down from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.38 | -0.27 | -0.28 | 64 | Utilities | |
| Colgate-Palmolive Company | -0.33 | -0.23 | -0.22 | 50 | Consumer Defensive | |
| Altria Group, Inc. | -0.32 | -0.20 | — | 74 | Consumer Defensive | |
| Verizon Communications Inc. | -0.31 | -0.18 | — | 62 | Communication Services | |
| The Southern Company | -0.28 | -0.20 | -0.20 | 57 | Utilities |
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